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Posted on: May 6, 2019

HUD and White House release Opportunity Zone Plan

The U.S. Department of Housing and Urban Development (HUD) and the White House Opportunity and Revitalization Council (WHORC) have released an implementation plan outlining how local leaders can maximize benefits when participating in the Opportunity Zone program.

The Implementation Plan explains the various subcommittees of the Council, as well as describes the strategy to implement administrative reforms and initiatives that will target, streamline, coordinate, and optimize Federal resources in economically distressed communities, including Opportunity Zones. Read the Implementation Plan at HUD's website.

More than 160 programs have already been identified by the Council in order to increase targeting to Opportunity Zones through grant preference points, loan qualifications, reduced fees, and eligibility criteria modifications. The Council member agencies have already taken action to better target over 50 programs to Opportunity Zones.

In addition to developing an “OpportunityZones.gov” website, the Council and its Executive Director Scott Turner will be scheduling ‘listening tour’ sessions in rural, urban, and suburban Opportunity Zones and other distressed communities throughout the remainder of 2019.